BTr fully awards Tbills at auction

The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid healthy demand for the government securities.

The auction was more than thrice oversubscribed, with total bids reaching P50.8 billion.

With its decision, the BTr was able to raise the full program of P15 billion.

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“Rates moved sideways with inflation expected to stay within BSP (Bangko Sentral ng Pilipinas) band at four percent for July,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.

The 91-day paper fetched a rate of 1.053 percent, 0.3 basis points (bps) up from the previous average of 1.05 percent.

Tenders totaled to P16.252 billion, more than three times oversubscribed versus the P5 billion fully awarded offer.

For the 182-day securities, the rate is 1.401 percent, 0.6 bps lower versus the previously recorded yield of 1.407 percent.

Demand reached P19.48 billion, almost four times the P5 billion program which was awarded.

Lastly, the yield of the 364-day IOU is 1.632 percent, down by 0.6 bps from the previous average of 1.638 percent.

Tenders amounted to P15.032 billion versus the P5 billion program. – Angela Celis

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